Essay
Wasp Corporation has a loan agreement that provides it with cash today, and the company must pay $25,000 one year from today, $15,000 two years from today, and $5,000 three years from today. Wasp agrees to pay 10% interest. The following are factors from a present value table: 
What is the amount of cash that Wasp receives today?
Correct Answer:
Verified
Correct Answer:
Verified
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